The national flag-carrier Pakistan International Airlines (PIA) has witnessed record rise in revenue up to 45 per cent which benefitted the entity Rs63 billion as it started bearing fruits of its reformations and austerity drive.
Following the reformation process and austerity moves in line with the vision of Prime Minister Imran Khan, the state-own entity has started moving its development and stability phase after witnessing significant growth in its revenue.
PIA witnessed 45 per cent rise in revenue within the last six month of the current fiscal year which generated income of Rs63 billion.
The state-owned entity had managed to get Rs43 billion revenue in the six of the previous year. The milestone was achieved by the major cut on unnecessary expenditures up to Rs3 billion which is now reduced to Rs1.70 billion by the administration of the current PIA chief executive officer Air Marshal Arshad Malik.
Well informed source said that the income was increased up to 43 pc over per kilometer, whereas, PIA’s earning in the current year hiked up to 84 pc in SAT factor.